Jitesh Kumar Jain 05 April 2020
Real Soul.... (LEGAL) 05 April 2020
If the bank account is in the name of your Father he can alosne get statement of the account. If the account is joint family account then the memebrs authorised to do so or who operate the account can alone get satement. however you can request to your father to provide you the SAO
Jitesh Kumar Jain 05 April 2020
G.L.N. Prasad (Retired employee.) 05 April 2020
As per my knowledge, in the case of joint families, the Karta gives such a HUF letter informing the name of coparceners. If you have a valid reason you can write a letter and seek such a statement from Bank account, and the bank may refer the matter to KARTA, and depending on their discretion they may provide a bank account statement, as KARTA is only a trustee of that account...
P. Venu (Advocate) 05 April 2020
You have been posting too may a query. What is the real issue?
Jitesh Kumar Jain 05 April 2020
T. Kalaiselvan, Advocate (Advocate) 07 April 2020
Karta of a HUF is the senior most male member of the family and in financial terms he can also be called manager of the family. In this account a corpus is created where every family member can pool their income. The corpus will be handled by or authorized to handle by Karta (head of the family). Signature of karta will be required for every transaction from the bank. These accounts are similar to individual saving bank accounts; there will be various tax benefits that are available for an individual’s account while the income of members is being pooled in HUF account.
T. Kalaiselvan, Advocate (Advocate) 07 April 2020
T. Kalaiselvan, Advocate (Advocate) 07 April 2020
The corpus will be handled by or authorized to handle by Karta (head of the family). Signature of karta will be required for every transaction from the bank. These accounts are similar to individual saving bank accounts.
Hence the rules for obtaining the bank statment will be as applicable to the individual accounts.
T. Kalaiselvan, Advocate (Advocate) 07 April 2020
Hence the members may not have any right to obtain bank account statement, the bank may not oblige.